# USDT to RAY: Tether (ERC20) to Raydium — no-KYC swap on GhostSwap > Send Tether (USDT, an ERC-20 token on Ethereum) and receive Raydium (RAY, an SPL token on Solana) in your own wallet, with no account and no KYC. It turns a dollar balance into Raydium in one step. Most USDT to RAY swaps are paid out within 10–25 minutes. Swap page: https://ghostswap.io/exchange/usdt20-ray/ Updated: 2026-10-02 ## At a glance | | | |---|---| | You send | Tether (USDT), ERC-20 token on Ethereum | | You receive | Raydium (RAY), SPL token on Solana | | Your RAY address | Solana address that is 32–44 letters and numbers with no 0x prefix. Wallets: Phantom, Solflare or a Ledger | | Deposit network fee | Paid in ETH, so keep a little ETH next to your USDT | | Deposit confirmation | About 2–5 minutes on Ethereum | | RAY payout | Sent to your address as soon as the swap completes; Solana confirms it in under a minute | | Typical swap time | 10–25 minutes until your RAY is sent | | Reference rate | 1 USDT ≈ 0.483039 RAY · 1 RAY ≈ 2.0702 USDT (market prices, 3 Oct 2026) | | Limits | The exact minimum and maximum USDT amounts are shown live in the exchange box | | Account / KYC | None for standard swaps: no sign-up, no email, no ID | | Tracking | Status page with your swap ID; USDT on Etherscan; RAY on Solscan | | Reverse swap | [RAY to USDT](https://ghostswap.io/exchange/ray-usdt20/) | ## How to swap USDT to RAY 1. Open https://ghostswap.io/exchange/usdt20-ray/ and enter the amount of USDT to send. 2. Paste the RAY address that should receive the coins. 3. Enter the USDT address you are sending from, then confirm. 4. Send the USDT to the one-time deposit address shown. 5. Receive RAY in your wallet and follow the status page with your swap ID. ## FAQ ### How long does it take to swap USDT to RAY on GhostSwap? Most USDT to RAY swaps are paid out within 10–25 minutes: the USDT deposit needs about 2–5 minutes to confirm on Ethereum, then the RAY is sent to your wallet, and Solana confirms the payout in under a minute. Busy networks can add a few minutes. ### How much is 1 USDT in RAY? 1 USDT is worth about 0.483039 RAY at the market rate, before fees (market prices, 3 Oct 2026). GhostSwap's quote in the exchange box already includes the service fee and the RAY network fee. The rate floats with the market until your USDT deposit confirms, so the exchange box shows the exact amount before you send. ### Do I need KYC or an account to exchange USDT to RAY? No. GhostSwap has no accounts: you paste the Solana address that should receive the RAY, send USDT from your own wallet, and the RAY goes straight to that address. No email, phone number or ID upload. ### What are the fees for converting Tether (ERC20) to Raydium? The GhostSwap fee is already included in the rate in the exchange box, so the RAY amount you see is what you receive. On top of that, your wallet needs a little ETH to pay the Ethereum network fee for sending USDT. ### What wallet should I use to receive RAY? To receive Raydium from your swap, we recommend using Phantom, Solflare or a Ledger. Make sure your wallet supports the Solana (SPL token) network before starting the exchange. Double-check your RAY address before confirming — cryptocurrency transactions cannot be reversed. ### What format is the RAY address? Use a Solana address: it is 32–44 letters and numbers with no 0x prefix. Copy it from your wallet and paste it; never type it by hand. Sending RAY to an address on another network can lose the coins. ### Can I track my USDT to RAY swap? Yes. After initiating your swap, GhostSwap provides a transaction status page where you can monitor progress in real-time. You can also track your USDT payment on Etherscan (https://etherscan.io) and your incoming RAY on Solscan (https://solscan.io). ### Is it safe to exchange USDT for RAY on GhostSwap? GhostSwap is non-custodial: there is no account balance holding your coins. Your USDT deposit is converted and the RAY is sent straight to the Solana address you enter, so check that address twice — Solana transfers cannot be reversed. ### Why swap USDT to RAY? Converting Tether (ERC20) to Raydium moves dollar-pegged funds into Raydium. Raydium is used for fees and rewards on the Raydium DEX on Solana. Unlike a stablecoin, its price moves with the market. GhostSwap needs no account on a centralized exchange and no KYC. ### What happens if my USDT to RAY exchange fails? If a swap cannot be completed, the USDT is refunded to the Ethereum address you entered as the sender address. If something looks stuck, contact support with your swap ID from the status page. Most problems come from sending a different amount than shown or using an address on the wrong network. ## Related - [Reverse: RAY to USDT](https://ghostswap.io/exchange/ray-usdt20/) ([Markdown](https://ghostswap.io/exchange/ray-usdt20.md)) - [All GhostSwap pairs](https://ghostswap.io/exchange/) - [How to exchange](https://ghostswap.io/how-to-exchange/) - [Site guide for AI assistants](https://ghostswap.io/llms.txt)